Oil prices drop amid US-Iran intervention uncertainty
Oil prices dropped slightly after President Trump sent mixed signals about the US getting involved in the Israel-Iran conflict.
Brent crude is now at $76.33 a barrel, and US crude at $74.86—a small dip, but enough to make traders pay attention.
Why the Strait of Hormuz matters
A lot of the world's oil and gas moves through the Strait of Hormuz—a narrow waterway between Oman and Iran—with no real backup route if things go south.
If conflict disrupts this chokepoint, oil prices could spike fast, especially since Iran is a major exporter.
Fed says it might cut rates, which boosts oil demand
The US Federal Reserve says interest rates will stay steady for now but hinted they might cut them later this year, which could boost demand for oil.
At the same time, new tariffs from Trump could push up inflation.
For now, everyone's watching to see if tensions cool down or get worse—either way, it'll have a big impact on energy prices.